Life Insurance Toronto

Frequently Asked Questions

Life Insurance FAQ

  1. Do I need a medical examination to get life insurance?
  2. Can I get life insurance to cover me until my children are grown?
  3. Can I use my life insurance to pay off my mortgage when I die?
  4. My friend says that I have to call multiple companies if I want multiple quotes.
  5. Do I have to provide accurate information on my application?
  6. How old do I have to be to apply for life insurance?
  7. Will smoking affect my rates?
  8. How can I get a quote on life insurance?

Do I need a medical examination to get life insurance?

It depends on the policy. Some providers offer no medical life insurance while other policies, particularly those of larger amounts will require a medical.

Can I get life insurance to cover me until my children are grown?

Yes, you can get term life insurance for a set duration, for example 10 years instead of for your whole life.

Can I use my life insurance to pay off my mortgage when I die?

Yes, in fact many mortgage lenders will require you to have life insurance to cover the outstanding balance on your mortgage.

My friend says that I have to call multiple companies if I want multiple quotes. Is this true?

While you can call multiple companies to get multiple quotes, you can also call one broker and provide your information one time. At Life Insurance Toronto, we deal with many different insurance companies, and will provide you the best insurance solution out of all the companies we deal with.

Do I have to provide accurate information on my application?

Yes you must provide accurate information on your application. If you provide false or misleading information on your application, your insurance company may decline to honour the policy.

How old do I have to be to apply for life insurance?

You must be at least 18 years of age to apply for your own life insurance policy.

Will smoking affect my rates?

Yes. Most life insurance companies will charge a higher premium if you smoke. Quitting smoking will not only benefit your health, it will most likely benefit your wallet.

How can I get a quote on life insurance?

You can give Life Insurance Toronto a call, or request a quote online, and we will provide you with a personalized quote.

Our Life Insurance Partners

Ivari Insurance
Great 
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